This period is marked Recording by the rule of Peshwa Madhavrao , who is credited Earnings_and_losses with the revival Recovering of Maratha domination following the defeat Conquering at Panipat .

British abolished Removing the position of Peshwa , and Marathas were limited Limiting to the small kingdom of Satara until its annexation Change_of_leadership to Bombay state in 1848 .

Narayana Diksit the preceptor of Peshwa Baji Rao I , the Prime Minister of the Maratha Empire .